Container Ship Charter Rates Diverge as Maersk, CMA CGM and Hapag-Lloyd Remain Active in the Charter Market
The container ship charter market has remained active in recent weeks, with Maersk, CMA CGM, and Hapag-Lloyd all securing new char
Akkon Suspends Calls at All Russian Ports as Novorossiysk Services Face Further Disruption
Turkish container carrier Akkon Lines has further scaled back its Russian services. On August 27, local time, the company informed
VLCC Rates Surge More Than Tenfold as Saudi Arabia-China Earnings Near USD 650,000 per Day
The global VLCC market has recently seen an unusual surge. Baltic Exchange data show that as of August 28, daily earnings on the S
Crane Lifting Accident at Mumbai Port Causes Collision and Fire, Injuring Two
A crane lifting accident occurred at Indira Dock in Mumbai Port, India, on the evening of August 30, local time. A mobile crane be
Global Port Congestion Worsens, With Average Vessel Wait Times Nearly Twice 2019 Levels
Congestion at container ports worldwide continues to worsen. The latest analysis from shipping consultancy Drewry shows that durin
Logistics and Port Facilities Hit in Ukraine Amid Unconfirmed Reports of Strike on DHL Site
On August 31, warehouses and logistics facilities in several parts of Ukraine’s Kyiv region were damaged in drone attacks. Interfa
